According to <a href="https://twitter.com/0xPaladinSec/status/1579842797775249408?s=20&amp;t=bICOLTExKunOhIERbEoGTw">statistics</a> from Etherscan, Temple DAO, a system that asserts it offers sustainable revenue through staking, had a destructive exploit on one of its staking vaults for 1,830 <a href="https://www.cryptoknowmics.com/news/polygon-launches-zkevm-public-testnet-for-smooth-ethereum-transfers/" target="_blank" rel="noopener">ETH</a>, or around $2.3 million at the moment.

A volunteer claimed on the Temple DAO Discord channel that the project's CORE vaults, which contain more than $100 million in stablecoins, are untouched, preventing further damage. The contributor stated that all impacted users would receive remediation.

According to Etherscan data, on October 11, a withdrawal from the project's STAX staking vault occurred. A statement issued on the Temple DAO Discord <a href="https://discord.com/channels/847178511604252741/847607462852952094/1029413763788574790" target="_blank" rel="nofollow noopener">stated</a> that the withdrawal was exactly 1,418,303 TEMPLE and 1,362,438 FRAX.

The numerous code attacks in the last year have raised concerns about smart contracts and cross-chain bridge issues. Recently, $2 million was stolen by a hacker through the WANplatform cross-chain bridge.
<h2>The Temple DAO Exploit</h2>
According to a tweet from Blockchain security company Paladin the Temple DAO attack is linked to a non-bridge-related <a href="https://www.cryptoknowmics.com/news/babydoge-becomes-most-used-smart-contract-among-bsc-whales/" target="_blank" rel="noopener">smart contract</a> vulnerability. Due to various malpractices in one of the staking mechanisms, users can transfer staked tokens from an earlier contract because of this attack. The exploiter used a fake address to run this function, which enabled them to withdraw all the money from the vault to themselves rather than the new contract. The flaw is one of the most simple exploits at scale. The vulnerability exists because the abused contract has been in place for more than 100 days.

https://twitter.com/0xPaladinSec/status/1579843245483659265?s=20&amp;t=lhI2o6cox3x0btvsYdaHCg
<h2>Decline In Token Price</h2>
The price of the Temple DAO token momentarily fell by 20% after the breach of the staking vault. this market decline originated when the exploiter switched from TEMPLE to FRAX, which was the most liquid pool.

Temple DAO Users To Receive Compensation Following $2.3 Million Hack

Temple DAO, a system that asserts it offers sustainable revenue through staking, had a destructive exploit on one of its staking vaults for 1,830 ETH.

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Temple DAO Users To Receive Compensation Following $2.3 Million Hack

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